Romania’s National Bank established a reference exchange rate of 3.9410 Romanian Ron for 1 euro, a far higher level than the one established last week. The national currency depreciated by 1.78% after ...

Romania’s national currency depreciated on Wednesday, to 4.1630 lei/euro according to the National Central Bank reference rate. Compared to the American dollar, the reference rate reveals a slight ...

U.S. dollar has fallen 10.7% year-over-year, declining against major currencies amid mounting debt, rate divergence, and ...

We introduce a novel dataset of large depreciations worldwide since 1971. First, we use a multi-step approach to accurately pinpoint large depreciation events on monthly data. We then construct large ...